Homburger News

Homburger advised Zürcher Kantonalbank with regard to Weidmann Group's CHF 200 m credit facilities

Homburger acted as counsel to Zürcher Kantonalbank in its capacity as Sole Mandated Lead Arranger in connection with Weidmann Group’s new CHF 200 m credit facilities.
Homburger advised Zürcher Kantonalbank as well as the other syndicate banks with regard to all legal aspects of the financing transaction.
The Homburger team was led by Stefan Bindschedler (Financing) and included Simone Gloor and Yulia Shaburnykova (both Financing) as well as Stefan Oesterhelt (Tax).

Capital Markets

Financial Market Regulation

20260618_Zürcher-Kantonalbank

Homburger advised Zürcher Kantonalbank on the issuance of EUR 500 m Bail-in Bonds

On June 17, 2026, Zürcher Kantonalbank (ZKB) successfully completed a further offering of Bail-in Bonds in the amount of EUR 500 m. Zürcher Kantonalbank’s Bail-in Bonds, including the newly placed EUR 500 m 3.622% 6NC5 Bail-in Bonds, have been designed and issued on the basis of a legal framework allowing Cantonal Banks to issue Total-Loss-Absorbing-Capacity (Gone-Concern Capital) Bonds. If FINMA orders the partial or complete reduction of the bondholders’ claims under the Bail-in Bonds, the bondholders are entitled to receive Recovery Certificates. Such Recovery Certificates include claims, subject to multiple conditions precedent, for subsequent future compensation payments for the full or partial reduction of the bondholders’ claims under the Bail-in Bonds.
BNP PARIBAS, Commerzbank Aktiengesellschaft, UBS London Branch and Zürcher Kantonalbank acted as Joint Lead Managers.
The team advising Zürcher Kantonalbank as issuer on all Swiss law aspects was led by Benjamin Leisinger (Capital Markets and Financial Market Regulation) and included Sofiya Shavlak and Yulia Shaburnykova (both Capital Markets). Tax aspects were covered by Dieter Grünblatt.

Healthcare / Life Sciences

Novartis

Homburger advised Novartis Finance S.A. on its issuance of EUR 1.7 bn aggregate amount Fixed Rate Notes guaranteed by Novartis AG

On May 13, 2026, Novartis Finance S.A. successfully completed its issuance of EUR 600 m 3.100 per cent. Fixed Rate Notes due January 13, 2032, EUR 600 m 3.500 per cent. Fixed Rate Notes due May 13, 2035 and EUR 500 m 4.000 per cent. Fixed Rate Notes due May 13, 2041. The Notes are unconditionally and irrevocably guaranteed by Novartis AG.
The Homburger team was led by Benjamin Leisinger (Capital Markets) and Frank Gerhard (Corporate/M&amp;A, Capital Markets) and included Eduard De Zordi (Capital Markets), Daniel Junginger and Yulia Shaburnykova (both Capital Markets, Financing) as well as Stefan Oesterhelt (Tax).

Yulia
Shaburnykova

Homburger advised Zürcher Kantonalbank with regard to Weidmann Group's CHF 200 m credit facilities

Homburger advised Zürcher Kantonalbank on the issuance of EUR 500 m Bail-in Bonds

Homburger advised Novartis Finance S.A. on its issuance of EUR 1.7 bn aggregate amount Fixed Rate Notes guaranteed by Novartis AG

Join the Team

Yulia Shaburnykova

Career

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YuliaShaburnykova

Homburger advised Zürcher Kantonalbank with regard to Weidmann Group's CHF 200 m credit facilities

Homburger advised Zürcher Kantonalbank on the issuance of EUR 500 m Bail-in Bonds

Homburger advised Novartis Finance S.A. on its issuance of EUR 1.7 bn aggregate amount Fixed Rate Notes guaranteed by Novartis AG

Join the Team

Yulia Shaburnykova

Career

Languages

Teams

Yulia
Shaburnykova